What are the four categories of health insurance coverage in the Marketplace?

The four categories of health insurance coverage in the Marketplace are Bronze, Silver, Gold, and Platinum. These categories are designed to help consumers understand how costs are shared between the insurer and the insured.

Each category represents the percentage of total health care costs that the plan will cover for a typical population. For instance, Bronze plans generally cover about 60% of healthcare expenses, while Silver plans cover approximately 70%, Gold plans about 80%, and Platinum plans roughly 90%. This tiered structure allows individuals to choose a plan that best fits their health care needs and budget, enabling a more informed decision based on how much they expect to spend on medical services in a given year.

The other options do not accurately reflect the established categories of plans offered in the Marketplace, which can lead to confusion for consumers trying to navigate their options.